Uponor initiates cost reduction programme Uponor's Board of Directors has today authorised the management to proceed with a company-wide cost reduction programme in order to align expenses to the low activity level in the building and construction industry. The programme targets structural cost reductions in the range of EUR 30 million, effective in 2009. The planned actions are likely to affect more than 200 employees. The programme is preliminarily estimated to generate a one-time cost impact of about 10 million euros, which will be split between the years 2008 and 2009. The main reason for the programme is the weak building and construction market, which is going through a cycle of non-satisfactory demand that is expected to continue throughout 2009. The above mentioned savings programme is designed to secure the company's performance in the expected weak market environment. For more information, please contact: Jan Lång, President and CEO, tel +358-20-129 2822 Jyri Luomakoski, CFO and deputy CEO, tel +358-40-5154498 Tarmo Anttila Vice President, Communications Tel. +358(0)20 129 2852 DISTRIBUTION OMX Nordic Exchange - Helsinki Media www.uponor.com